2020年（财务知识）西方财务管理试题

财务知识 西方财务管 理试题 Fillintheblanks 10points 2pointsforeach A 卷 1 Thethreebasicquestionsaddressedbyafinancialmanagerare capitalbudgeting capit al structure and 2 Thethreebasiclegalsoforganizingabusinessare partnerships andcorporations 3 Cashflowisgeneratedbythefirmandpaidtocreditorsandshareholders Itcanbedivided ascashflow cashflowfromchangesinfixedassetsandcashflowfromchangesinworkingcapital 4 ismeasuredascurrentassetsdividedbycurrentliabilities 5 Aofequitywhichreceivespreferentialtreatmentinthepaymentofdividendsis called MultipleChoice 20points 1pointforeachproblem 1 Thepersongenerallydirectlyresponsibleforoverseeingthecashandcreditfunction s financialplanning andcapitalexpendituresisthe a treasurer b director c controller d chairmanoftheboard 2 Theprimarygoaloffinancialmanagementisto a maximizecurrentdividendspershareoftheexistingstock b maximizethecurrentvaluepershareoftheexistingstock c avoidfinancialdistress d minimizeoperationalcostsandmaximizefirmefficiency 3 Whichoneofthefollowingstatementsiscorrectconcerningtheorganizational structureofacorporation a Thevicepresidentoffinancereportstothechairmanoftheboard b Thechiefcutiveofficerreportstotheboardofdirectors c Thecontrollerreportstothepresident d Thetreasurerreportstothechiefcutiveofficer 4 Whichoneofthefollowingisaprimarymarkettransaction a adealersellingsharesofstocktoanindividualinvestor b adealerbuyingnewlyissuedsharesofstockfromacorporation c anindividualinvestorsellingsharesofstocktoanotherindividual d abanksellingsharesofamedicalfirmtoanindividual 5 Thefinancialstatementshowingafirm saccountingvalueonaparticulardateisthe a incomestatement b balancesheet c statementofcashflows d taxreconciliationstatement 6 A n assetisonewhichcanbequicklyconvertedintocashwithoutsignificantloss invalue a currentb fixedc intangibled liquid 7 Onekeyreasonalong termfinancialplanisdevelopedisbecause a theplandeterminesyourfinancialpolicy b theplandeterminesyourinvestmentpolicy c therearedirectconnectionsbetweenachievablecorporategrowthandthefinancial policy d thereisunlimitedgrowthpossibleinawell developedfinancialplan 8 Thecurrentratioismeasuredas a currentassetsminuscurrentliabilities b currentassetsdividedbycurrentliabilities c currentliabilitiesminusinventory dividedbycurrentassets d cashonhanddividedbycurrentliabilities 9 TheExternalFundsNeeded EFN equationdoesnotmeasuresthe a additionalassetrequirementsgivenachangeinsales b additionaltotalliabilitiesfinancingraisedgiventhechangeinsales c rateofreturntoshareholdersgiventhechangeinsales incomeexpectedtobeearnedgiventhechangeinsales 10 Tocalculatesustainablegrowthrate theanalystneedsthe a profitmargin b payoutratioandassetrequirementratio c debt to equityratio d Alloftheabove 11 Theinterestratechargedperperiodmultipliedbythenumberofperiodsperyearisc alledthe rate a effectiveannualb annualpercentage poundinterest 12 Youarecomparingtwoannuitieswhichoffermonthlypaymentsfortenyears Both annuitiesareidenticalwiththeexceptionofthepaymentdates AnnuityApaysonthe firstofeachmonthwhileannuityBpaysonthelastdayofeachmonth Whichoneof thefollowingstatementsiscorrectconcerningthesetwoannuities a Bothannuitiesareofequalvaluetoday b AnnuityBisanannuitydue c AnnuityAhasahigherfuturuethanannuityB d AnnuityBhasahigherpresentvaluethanannuityA 13 Thepresentvalueoffuturecashflowsminusinitialcostiscalled a thefuturueoftheproject b thenetpresentvalueoftheproject c theequivalentsumoftheinvestment d theinitialinvestmentriskequivalentvalue 14 Thestatedinterestpayment indollars madeonabondeachperiodiscalledthebon d s a coupon b facue c maturity d yieldtomaturity 15 Theofbondissueinwhichtheregistrarofthecompanyrecordsownershipofe ach bond withrelevantpaymentsmadedirectlytotheownerofrecord iscalledthe for m a new issueb registeredc bearerd debenture 16 Anaccountmanagedbythebondtrusteeforearlybondredemptionpaymentsisca lleda a sinkingfund b collateralpaymentaccount c deedintrustaccount d callprovision 17 Theannualcouponpaymentofabonddividedbyitsmarketpriceiscalledthe a couponrate b currentyieldc yieldtomaturityd bid askspread 18 Thestockvaluationmodelthatdeterminesthecurrentstockpricebydividingthene xtannualdividendamountbytheexcessofthediscountratelessthedividendgrowthr ateiscalledthe model a zerogrowthb dividendgrowthc capitalpricing d earningscapitalization 19 Thedifferencebetweenthepresentvalueofaninvestmentanditscostisthe presentvalue b internalrateofreturn c paybackperiod d profitabilityindex 20 Thechangesinafirm sfuturecashflowsthatareadirectconsequenceofaccepting aprojectarecalled cashflows a incrementalb stand alonec after presentvalue Judgethefollowingsentences Ifitistrue writeT IfitisFalse writeF 10points 1 pointforeach 1 Theoriginalsaleofsecuritiesbygovernmentsandcorporationstothegeneralpublic occurs intheprimarymarket 2 Noncashitemsrefertothecostsincurredforthepurchaseofintangiblefixedassets 3 Thereceivablesturnoverratioismeasuredassalesplusaccountsreceivable 4 Thehighesteffectiveannualratethatcanbederive